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Rickmers bank willing to forgive 'material' amount of debt

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Published Mon, Mar 13, 2017 · 09:50 PM

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HSH Nordbank AG, the largest senior lender to Rickmers Maritime Trust, said on Monday morning that it is willing to consider a "material debt forgiveness" of loans it has extended to the embattled shipping trust.

But a number of conditions need to be fulfilled before this can happen.

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